2024-05-14T12:15:25-05:00 2023-06-30 Fogel Klein LLP 50 Chestnut Ridge Rd Ste 202 Montvale NJ 076451814 990 2022-07-01 651095074 Meadow Park Independent Living INC % CAPITAL REALTY GROUP INC MEAD 9413660430 1845 18th Street Sarasota FL 34234 Israel Wilhelm President 8453567773 2024-05-14 true Israel Wilhelm 999009999 Moshe Klein P00846205 2016000026 2024-05-14 2 2022 2023-04-26 12:10:37Z Israel Wilhelm 1845 18th Street Sarasota FL 34234 539903 false X N/A To provide safe & affordable subsidized apartment rental housing to low-income adults. 3 3 4 0 0 253230 407390 127044 128805 362 3708 0 0 380636 539903 0 0 0 0 82806 102367 0 0 0 364211 395470 447017 497837 -66381 42066 2079450 2198454 80420 157358 1999030 2041096 THE ORGANIZATION'S MISSION IS TO PROVIDE ELDERLY PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING. false false 531110 418507 128805 The organization provides safe and affordable subsidized apartment rental housing to low-income adults age 62 and older. The corporation owns and operates an apartment building consisting of 44 units located in Sarasota, Florida. 418507 true true false false false false false false true false true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 3 0 true 4 true false false false false false false false false false false false false X 3 3 false true false false false false false true true false false true true true true true true false false false X CAPITAL REALTY GROUP INC 8453567773 86 EAST ROUTE 59 Spring Valley NY 10977 X George Bumbray President 0.5 1.0 X X 0 0 0 James C Brown Secretary/Treasurer 0.5 1.0 X X 0 0 0 Albert Phillips Director 0.5 1.0 X 0 0 0 0 0 0 0 false false false 0 407390 407390 LOW INCOME HOUSING RENTAL 531110 128805 128805 128805 3708 3708 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 539903 128805 3708 0 0 0 0 0 0 94345 94345 0 1033 1033 6989 6989 59741 59741 0 19589 19589 0 0 0 60727 60727 4087 4087 9442 9442 0 0 166275 166275 0 0 0 0 0 74464 74464 1022 1022 OTHER TAX EXPENSE 123 123 497837 418507 79330 0 1169 54896 0 0 0 0 4425 90937 0 0 0 0 0 0 0 0 25556 37189 3371542 1609045 1798111 1762497 0 0 0 0 0 0 0 0 250189 252935 2079450 2198454 56545 133858 0 0 2398 1557 0 0 11477 11943 0 0 0 0 0 0 10000 10000 80420 157358 X -1281670 -1239604 3280700 3280700 1999030 2041096 2079450 2198454 42066 X false true X true true true X 211788 213305 206597 253230 407390 1292310 99679 107143 106461 127044 128805 569132 0 0 0 311467 320448 313058 380274 536195 1861442 0 0 0 1861442 193 214 132 362 3708 4609 0 193 214 132 362 3708 4609 0 604 604 312264 320662 313190 380636 539903 1866655 0.99721 0.99814 0.00247 0.00066 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 266400 266400 2825790 1332607 1493183 276890 273976 2914 2462 2462 1762497 RESIDENT SECURITY DEPOSIT 11948 REPLACEMENT RESERVE 230847 ESCROWS 10140 252935 0 MISC LIABILITY 10000 10000 X 539903 539903 539903 497837 497837 497837 Part IV, Line 2b: The resident security deposit account was established according to HUD regulations for safekeeping of the residents' initial rental deposits. Additions to this account occur when a resident moves in and as interest accrues. Disbursement of these funds can only be made when a resident vacates the apartment. Part X, Line 2: The corporation is owned by a Nonprofit Corporation, a tax-exempt entity under section 501(c)(3) of the internal revenue code. Federal and state tax authorities generally have the right to examine and audit the previous three years of tax returns filed. For the year ended June 30, 2023, there were no uncertain tax positions. Form 990, Part VI, Section A, Line 3 Management of the organization was performed by Capital Realty Group, Inc. Under the terms of the management agreement approved by HUD, the management agent is responsible for the management of the organization. Form 990, Part VI, Section B, Line 11b The management agent reviews the 990 and further reviews are conducted by the board president and facility manager. Form 990, Part VI, Section B, Line 12c The managing organization regularly and consistently monitors and enforces compliance with its conflict of interest policy as follows: 1. The organization's corporate bylaws require that each of the board of director members disclose annually, in writing, interests that could be construed as a conflict of interest. 2. On November 1, 1999, the organization adopted a corporate compliance policy and program applicable to directors, officers, key employees, and all other employees, which is inclusive of a conflict of interest policy. The purpose of the corporate compliance policy, which extends to every facility, proves the organization is committed to conducting its business ethically and in conformance with all applicable laws, regulations, rules and standards. 3. The corporation, Meadow Park Independent Living, INC. is a participant in the U.S. Housing and Urban Development (HUD) Section 202 Low-Income, Elderly, Housing Program. The HUD 202 Program, as a general premise prohibits persons with an "identity of interest", for example, the directors of the organization cannot engage (participate) in any conflict of interest transactions and/or scenarios. Plus, the corporation follows all state and federal law, and it is in compliance with the above mandate. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XII, Line 2C THE BOARD OF DIRECTORS HAS DELEGATED THE CURRENT MANAGEMENT AGENT TO ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT AUDITOR. FORM 990 PART IX LINE 11G DESCRIPTION:OTHER SERVICE FEES TOTAL FEES:60727 JH FLOYD SUNSHINE VILLAGE INC 1777 18th Street Sarasota FL 34234 581737441 Independent L FL 501(c)(3) Line 7 false SUNSHINE MEADOWS ASSISTED LIVING FACILIT 1809 18th Street Sarasota FL 34234 271096668 Nursing Home FL 501(c)(3) Line 7 false false false false false false false false false false false false false false false false false false false